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Feb 6, 2013
02/13
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year per taxpayer to cover our existing deficit. the total tab for the past four years of $1 trillion each year would be about $27,500 a year. back in the sixth district of indiana where i come from, that is a lot of money. i think we it owe it to the taxpayers know what we're doing here in washington. i yield -- i reserve the balance of my time. the chair: the gentleman reserves the balance of his time. for what purpose does the gentleman from maryland seek recognition? mr. van hollen: thank you, madam chairman. i ask unanimous consent to claim time in opposition even though i am not. the chair: the gentleman is recognized. mr. van hollen: thank you, madam chairman. i think it's very useful to let everybody in the country know exactly what the debt and deficit will be on a per capita basis. we in congress can of course do the math. i think it's no problem asking the president to run that calculation as well. again, i want to emphasize the fact there is agreement on reducing the deficit. the real differences here are over how we do
year per taxpayer to cover our existing deficit. the total tab for the past four years of $1 trillion each year would be about $27,500 a year. back in the sixth district of indiana where i come from, that is a lot of money. i think we it owe it to the taxpayers know what we're doing here in washington. i yield -- i reserve the balance of my time. the chair: the gentleman reserves the balance of his time. for what purpose does the gentleman from maryland seek recognition? mr. van hollen: thank...
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Feb 9, 2013
02/13
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this deficit was not caused by our federal work force. you are not responsible for their deficit. [applause] >> we could talk about the policies of going to war and how we pay for it, etc. but we have these large deficits and we need to deal wit. let me bring you up to date because the last time i was here was a little over a year ago and we were talking about the budget control act and how we had to deal with this deficit and how we were going to bring down discretionary domestic spending and how we were going to deal with longer term solution that is required to us deal with revenues and mandatory spending and i ask your understanding as we pass the budget control act. and at the we were analyzing a recommendation that came out of a presidential commission known as the boles simpson commission. that commission said we had to reduce the deficit by $4 trillion or $5 trillion to have sustainable growth in our country. take a minute and look at the progress that we've made since that last visit. simpson bowles which was generally recognized as a balanced approach, a bipartisan appro
this deficit was not caused by our federal work force. you are not responsible for their deficit. [applause] >> we could talk about the policies of going to war and how we pay for it, etc. but we have these large deficits and we need to deal wit. let me bring you up to date because the last time i was here was a little over a year ago and we were talking about the budget control act and how we had to deal with this deficit and how we were going to bring down discretionary domestic...
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Feb 5, 2013
02/13
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so, yes, reduce the deficit. but let's do it in a sensible way and the president has the prerogative of getting to put forward his budget the way he would like to present it to congress and then congress can do its work however it wants. and with that i yield to my friend and colleague from maryland and someone who has been very focused on reducing our deficits in a responsible way, mr. hoyer. the chair: the gentleman from maryland is recognized. may i remind my colleagues, i appreciate the honor, but i'm only a chairman today. the gentleman is recognized. mr. hoyer: we wish you the best for the future. the chair: thank you. mr. van hollen, may i ask for how long he was recognized? mr. van hollen: i yield four minutes. the chair: the gentleman from maryland is recognized. mr. hoyer: i thank the gentleman for yielding. mr. price of georgia said what the american people want. what the american people don't want is games. this is a game. this is a sham. this is a shame. what the american people want is honest legisl
so, yes, reduce the deficit. but let's do it in a sensible way and the president has the prerogative of getting to put forward his budget the way he would like to present it to congress and then congress can do its work however it wants. and with that i yield to my friend and colleague from maryland and someone who has been very focused on reducing our deficits in a responsible way, mr. hoyer. the chair: the gentleman from maryland is recognized. may i remind my colleagues, i appreciate the...
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Feb 9, 2013
02/13
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[applause] if you look at what is happening, it is true that the deficits are going to be below a trillion dollars for the first time in several years. it is true that the economy is beginning to grow again. this is almost like the reverse of what we did in 1993. i was perfectly well aware that if we raise taxes and cut spending, it could have a dragging effect on the economy. not nearly as much as having low growth or then having interest rates that were too high. so our gamble was that the explosive effect of lowing interest rates with a booming bond market and having more disposal income over five-10 year period to invest in america's future would more than offset putting the hammer down by raising more money and cutting spending. it turned out to be a good gamble. it will make sense here again. but timing is everything. so i think you should have a budget that does not defy arithmetic and does not follow in the trap that we had for 20 of the last 32 years which is you always get more money when you cut taxes. but it is also important that we recognize if there is literally no growth yo
[applause] if you look at what is happening, it is true that the deficits are going to be below a trillion dollars for the first time in several years. it is true that the economy is beginning to grow again. this is almost like the reverse of what we did in 1993. i was perfectly well aware that if we raise taxes and cut spending, it could have a dragging effect on the economy. not nearly as much as having low growth or then having interest rates that were too high. so our gamble was that the...
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Feb 11, 2013
02/13
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[applause] if you look at what is happening here, it is true that the deficit are going to be below $1 trillion for the first time in several years. and it is true that the new revenues raised in spending that you did not do. it is true that the economy is beginning to grow again. but this is almost like the reverse of what we did in 1993. that is, i was prickly well aware if we raise taxes and cut spending, it could have a dragging effect in the economy. but not nearly as much as spending 40% of the budget paying interest on the debt. not nearly as much as having low growth. at nearly as much as having interest rates that were too high. so our gamble was that the explosive the fact of lowering interest rates, with a booming bond market and having more disposable income over a 5 =-10 year period would more than offset putting the hammer down by raising more money and cutting spending. it turned out to be a good gamble, but it made sense. it will make sense here again. but timing is everything. and so, i think he should have a budget that does not defy our arithmetic but also, and doesn
[applause] if you look at what is happening here, it is true that the deficit are going to be below $1 trillion for the first time in several years. and it is true that the new revenues raised in spending that you did not do. it is true that the economy is beginning to grow again. but this is almost like the reverse of what we did in 1993. that is, i was prickly well aware if we raise taxes and cut spending, it could have a dragging effect in the economy. but not nearly as much as spending 40%...
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Feb 4, 2013
02/13
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if we are not out of the deficit that we lost. in terms of the system being skewed, if we are continually supporting a system where jobs go to the already employed and we are really not doing anything to foster the economic recovery that is going to benefit everyone in society, none of these laws and nothing that the national employment law project is advocating for says you have to fill open jobs with unemployed people. what we are saying is that qualified unemployed people should be allowed to compete on terms that are fair. that is good for all of us in an economic recovery. host: baltimore, md., just retired, go ahead. caller: i would like to say one thing before i say my question. i love c-span and i always want to make it through on a phone call and i am glad that i made it through. that being said, and by the way -- go ravens, we won the super bowl. my question is this. i live in baltimore city. the unemployment rate in baltimore city is unbelievable. the problem that you have is that not only are so many people unemployed,
if we are not out of the deficit that we lost. in terms of the system being skewed, if we are continually supporting a system where jobs go to the already employed and we are really not doing anything to foster the economic recovery that is going to benefit everyone in society, none of these laws and nothing that the national employment law project is advocating for says you have to fill open jobs with unemployed people. what we are saying is that qualified unemployed people should be allowed...
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Feb 5, 2013
02/13
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we need to reduce our deficit and begin paying down our debt. but irresponsible across-the-board sequestration cuts are not the way to do it. i yield back the balance of my time. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from michigan seek recognition? without objection, the gentleman is recognized for one minute. >> mr. speaker, america's manufacturing sector has played an invaluable role over the last century in propelling our economy and creating a strong and vibrant middle class. manufacturing continues to be a bright spot in our economic recovery. since 2010, the u.s. has added over a half a million manufacturing jobs. mr. kildee: that's progress. but in a time where millions of americans continue to struggle, we can and must do more. congress should be working every day to rebuild our economy and create good-paying jobs right here in america not overseas. that's why i support the make it in america agenda, which will strengthen manufacturing and rebuild our infrastructure. it will also m
we need to reduce our deficit and begin paying down our debt. but irresponsible across-the-board sequestration cuts are not the way to do it. i yield back the balance of my time. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from michigan seek recognition? without objection, the gentleman is recognized for one minute. >> mr. speaker, america's manufacturing sector has played an invaluable role over the last century in propelling our economy...
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Feb 10, 2013
02/13
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that is how we will reduce our deficit. that is america built to last. [laughter] -- [applause] i recognize that people watching tonight have differing views about taxes and debt and energy and health care. no matter what party they belong to, i bet most americans are thinking the same thing right about now -- nothing will get done in washington this year. or next year. or the year after that, because washington is broken. can you blame them for feeling all little bit cynical? the greatest blow to our confidence in our economy last year did not come from event beyond our control. it came from a debate in washington over whether the united states would pay its bills or not. who benefited from that fiasco? i talked tonight about the deficit of trust between main street and wall street. but the divide between the city and the rest of the country is at least as bad, and it seems to get worse every year. host: from january of last -- of last year, the president in his state of the union address. some of the same themes it will continue this week. -- will cont
that is how we will reduce our deficit. that is america built to last. [laughter] -- [applause] i recognize that people watching tonight have differing views about taxes and debt and energy and health care. no matter what party they belong to, i bet most americans are thinking the same thing right about now -- nothing will get done in washington this year. or next year. or the year after that, because washington is broken. can you blame them for feeling all little bit cynical? the greatest blow...
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Feb 7, 2013
02/13
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our deficit now is 1.5 trillion dollars. it's three times the amount. if we don't start cutting now and worrying about our country, we will not have a debate anymore, we will not have a country left. all these geniuses. let's start cutting fraud of all these illegals collecting all fair and food stamps in my state. let's start cutting that. there are many things we can cut. but nobody wants to do anything. we're going to go down with the ship. host: on twiter -- we already have read these. i apologize. if you would like to continue the conversation on sequestration, you can go to our facebook page. there is a lively conversation going on. that will continue throughout the day. a couple more articles before we get to some of our gas segments. obama chooses and environmentalists executive for the interior. there's a picture of president obama and sally jewell, nominated to be secretary of the interior. here's the front page of the state newspaper out of columbia, south carolina. it says that james cliburn would make a great transportation secretary. the b
our deficit now is 1.5 trillion dollars. it's three times the amount. if we don't start cutting now and worrying about our country, we will not have a debate anymore, we will not have a country left. all these geniuses. let's start cutting fraud of all these illegals collecting all fair and food stamps in my state. let's start cutting that. there are many things we can cut. but nobody wants to do anything. we're going to go down with the ship. host: on twiter -- we already have read these. i...
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Feb 5, 2013
02/13
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economic recovery and the deficit issues that face our kids and grandkids. a lot of lip service is paid to dealing with the middle class. that is the buzzword. i get concerned we're talking about just us. what about our kids? what about the middle class of the future? what middle-class life for the behalf unless we step up and do the right things? and to me it is -- i campaigned. i campaigned on the suicide mission to reform medicare end to do tax reform. every town hall, every rotary, chamber meeting. i would talk about those things and those two things only. guaranteed political suicide. we can do this. >> in answer to that question, what will we do to get washington to do with the fiscal challenge? there were some business leaders and alan greenspan was there. he said what are you going to do something on this fiscal challenge? are you going to do it before or after the bond market crashes and it will crash. he is not known for hyperbole. and it struck me that the former chair of the federal reserve is saying you are facing an impending crisis and you wil
economic recovery and the deficit issues that face our kids and grandkids. a lot of lip service is paid to dealing with the middle class. that is the buzzword. i get concerned we're talking about just us. what about our kids? what about the middle class of the future? what middle-class life for the behalf unless we step up and do the right things? and to me it is -- i campaigned. i campaigned on the suicide mission to reform medicare end to do tax reform. every town hall, every rotary, chamber...
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Feb 5, 2013
02/13
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this president said he was going to cut the deficit. he went from a $6 trillion economy to a $9 trillion economy. his jobs plan was a complete failure. the democrats talk about the war on women, yet you have this mr. menendez who flies to a southern country, has sex with an underage gal, and does not want to pay this prostitute. here's a guy who makes all kinds of money. it is ridiculous. the democrats had senator byrd in the race -- in the senate for years and they talk about race. you guys do not seem to be able to get your message across. i know you are frustrated. it is not a spending problem. of course it is a spending problem. we never have budgets like this, throwing money at all times of all kinds of different programs. how many more democrats talk about, i did not cheat on my wife, i only did it when her cancer was in remission. guest: the caller has raised a number of different points. one point, the overarching theme of his call was the frustration he has of republicans getting the message out. i do appreciate c-span allowing
this president said he was going to cut the deficit. he went from a $6 trillion economy to a $9 trillion economy. his jobs plan was a complete failure. the democrats talk about the war on women, yet you have this mr. menendez who flies to a southern country, has sex with an underage gal, and does not want to pay this prostitute. here's a guy who makes all kinds of money. it is ridiculous. the democrats had senator byrd in the race -- in the senate for years and they talk about race. you guys do...
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Feb 5, 2013
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slow as it is and the deficit issues that face our kids and grandkids. a lot of lip service is paid to dealing with the middle class. i get concerned we're talking about just us. what about our kids? what about the middle class of the future? what life will they have? to me it is -- i campaigned on a suicide mission to reform reform. and dre and do tax every meeting, i would talk about those things and those things ony. -- only. i am still here. >> in answer to that question, i was in a meeting in september of home.t mark warner's alan greenspan was there. do aid, why don't you something big on this fiscal challenge? are you going to do it before or after the bond market crashes and it will crash. he was not known for hyperbole. it struck me that the former chair of the federal reserve was saying you're facing an impending crisis and you are going to need to deal with it. are you going to deal with it before it hits or after? the answer is -- i want to deal with the problem before it becomes a crisis. we need to build trust necessary to find the solution
slow as it is and the deficit issues that face our kids and grandkids. a lot of lip service is paid to dealing with the middle class. i get concerned we're talking about just us. what about our kids? what about the middle class of the future? what life will they have? to me it is -- i campaigned on a suicide mission to reform reform. and dre and do tax every meeting, i would talk about those things and those things ony. -- only. i am still here. >> in answer to that question, i was in a...
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Feb 4, 2013
02/13
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we're not out of the deficit of the 8 million jobs already lost. in terms of a system being skewed, if we are continually supported a system where jobs go to the already employed, we are really not doing anything to foster the economic recovery that is going to benefit everybody. in society. none of these laws and nothing the national employment law practice is advocating says you have to fill open jobs with unemployed people. we are saying that qualified unemployed people should be allowed to compete on terms that are fair and that is good for all of us in our economic recovery. host: baltimore, maryland, just hired. caller: i would like to say one thing -- i love cspan and site -- and i love to make it through my phone call. go ravens. i live in baltimore city and the unemployment rate in baltimore city is unbelievable. the problem you have is that not only is there so many people unemployed but that there is a lack of job opportunities. how will the work that you are doing affect people live in urban america who are african- americans who are la
we're not out of the deficit of the 8 million jobs already lost. in terms of a system being skewed, if we are continually supported a system where jobs go to the already employed, we are really not doing anything to foster the economic recovery that is going to benefit everybody. in society. none of these laws and nothing the national employment law practice is advocating says you have to fill open jobs with unemployed people. we are saying that qualified unemployed people should be allowed to...
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Feb 12, 2013
02/13
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this is basically for deficit reduction. the first amount is $85 billion that will go into effect march 1 and everybody has a said the cuts will not be good for the economy. everybody is trying to figure out a way around the but they disagree how to do that. host: "politico" says -- jonathan strong, will the president used the word 'sequester?' guest: according to the preview i saw last week, i don't know if he will use the word sequestration. many of the house republicans who are really anxious to cut federal spending are surprisingly willing to let these cuts happen. one reason is the very first span in battle after republicans took control in april, 2010, they secured about $30 billion in cuts. "the washington post"looked at those cuts in most of them were fake. the sense is that happens every 10 years, they spent $6 billion in 2010 and they will not spend money until 2020 but they counted the $6 billion in 2011 as a spending cut. you add up the totals of those fake cuts and this is why these republicans want these dracon
this is basically for deficit reduction. the first amount is $85 billion that will go into effect march 1 and everybody has a said the cuts will not be good for the economy. everybody is trying to figure out a way around the but they disagree how to do that. host: "politico" says -- jonathan strong, will the president used the word 'sequester?' guest: according to the preview i saw last week, i don't know if he will use the word sequestration. many of the house republicans who are...